Ayres, Ian; Levitt, Steven D. - In: The Quarterly Journal of Economics 113 (1998) 1, pp. 43-77
Lojack is a hidden radio-transmitter device used for retrieving stolen vehicles. Because there is no external indication that Lojack has been installed, it does not directly affect the likelihood that a protected car will be stolen. There may, however, be positive externalities due to general...